Ehrsam III trust converts and sells Coinbase (NASDAQ: COIN) Class A shares

Rhea-AI Filing Summary

Coinbase Global, Inc. director Frederick Ernest Ehrsam III reported a small, pre-planned insider transaction involving shares held through The Frederick Ernest Ehrsam III Living Trust. On January 5, 2026, the trust converted 1,375 shares of Class B Common Stock into 1,375 shares of Class A Common Stock at a conversion price of $0, then sold those 1,375 Class A shares at a weighted average price of $250.0333 under a Rule 10b5‑1 trading plan adopted on August 7, 2025. After these transactions, the trust continued to hold 5,515,973 shares of Class B Common Stock indirectly, and Ehrsam also reported 11,881 shares of Class A Common Stock held directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ehrsam Frederick Ernest III

(Last) (First) (Middle)

C/O COINBASE GLOBAL, INC.

ONE MADISON AVENUE, SUITE 2400

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Coinbase Global, Inc. [ COIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/05/2026		C(1)(2)		1,375	A	$0(3)	1,375	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	01/05/2026		S(2)		1,375	D	$250.0333(4)	0	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock								11,881	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(3)	01/05/2026		C(1)(2)			0	(3)	(3)	Class A Common Stock	1,375	$0	5,515,973	I	By The Frederick Ernest Ehrsam III Living Trust

Explanation of Responses:

1. Represents the conversion of Class B Common Stock held of record by The Frederick Ernest Ehrsam III Living Trust into Class A Common Stock.

2. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 7, 2025, during an open trading window.

3. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.

4. Represents the weighted average sale price. The lowest price at which shares were sold was $250.00 and the highest price at which shares were sold was $250.27. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

Remarks:

	/s/ Frederick Ernest Ehrsam III, by Lailey Rezai, Attorney-in-Fact	01/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did COIN director Frederick Ehrsam report on this Form 4?

The filing reports that The Frederick Ernest Ehrsam III Living Trust converted 1,375 Class B Common Stock into 1,375 Class A Common Stock and then sold those 1,375 Class A shares on January 5, 2026.

At what price were the Coinbase (COIN) shares sold in this insider transaction?

The 1,375 Class A Common Stock shares were sold at a weighted average price of $250.0333, with individual sale prices ranging from $250.00 to $250.27.

Was the COIN insider sale by Frederick Ehrsam pre-planned under Rule 10b5-1?

Yes. The filing states that the transactions were effected under a Rule 10b5‑1 trading plan adopted by the reporting person on August 7, 2025, during an open trading window.

How many Coinbase (COIN) shares does the Ehrsam trust hold after this Form 4 transaction?

Following the reported transactions, The Frederick Ernest Ehrsam III Living Trust is shown as indirectly holding 5,515,973 shares of Class B Common Stock.

How many Coinbase Class A shares does Frederick Ehrsam report holding after the transaction?

After the sale of the 1,375 converted shares, the filing shows 11,881 shares of Class A Common Stock held directly.

Who is listed as the owner of the shares involved in this COIN Form 4?

The transactions are reported as held indirectly "By The Frederick Ernest Ehrsam III Living Trust", with Frederick Ernest Ehrsam III as the reporting person and a director of Coinbase Global, Inc.